Item 5HProfessional services agreement with Intermedix
June 6, 2006
Professional Services Agreement
Finance staff currently spends 4 to 6 hours per month on ambulance fee collections and insurance filing with an estimated 50% collection rate;
The city does not accept Medicare assignment;
Professional Services Agreement
Intermedix would be compensated as follows:
12% of the total amount collected on each account
13.8% of the total amount collected if payment is made by a credit card.
Professional Services Agreement
Approval of the agreement would require a fee amendment to increase our transport fee from $300 to $855
Current fee lowest among 12 cities
Keller, Bedford, Colleyville, Euless, and Richland Hills fee currently $855
Professional Services Agreement
Intermedix has indicated that collection rates in some instances exceed 65%;
Initial term of agreement is for 1 year
QUESTIONS?